XPeng Inc. (NYSE:XPEV) Given Consensus Rating of “Hold” by Analysts

XPeng Inc. (NYSE:XPEV) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.20.

XPEV has been the topic of several analyst reports. Nomura Securities raised shares of XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. Barclays raised their price target on shares of XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $24.00 price objective on shares of XPeng in a research note on Wednesday, March 19th. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Finally, Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $30.00 in a report on Wednesday, March 19th.

Institutional Trading of XPeng

A number of hedge funds have recently made changes to their positions in XPEV. PNC Financial Services Group Inc. grew its holdings in shares of XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after buying an additional 716 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after purchasing an additional 898 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock valued at $286,000 after purchasing an additional 913 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after buying an additional 1,027 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after buying an additional 1,138 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

XPeng Price Performance

XPEV stock opened at $19.43 on Friday. The firm has a market cap of $18.30 billion, a P/E ratio of -22.33 and a beta of 2.62. The firm’s fifty day moving average is $19.66 and its 200 day moving average is $14.84. XPeng has a 52 week low of $6.55 and a 52 week high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Research analysts predict that XPeng will post -0.96 earnings per share for the current year.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.